Fossil fuel divestment picks up steam

“Divestment is speeding up the clock on the final accounting that will show fossil fuels are out and clean energy is in.”

– Former Mobil Oil executive Lou Allstadt, quoted in The Guardian in reaction to a report by Arabella investment advisors showing that the value of investment funds worldwide that are committed to selling off coal, oil and natural gas assets has jumped to $5.2 trillion, doubling in just over a year.